Reference Level definition

Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above.

Reference Level means, in respect of an Inflation Index, the level of such Inflation Index (excluding any “flash” estimates) published or announced by the relevant Inflation Index Sponsor in respect of the month that is 12 calendar months prior to the month in respect of the Latest Level.

Reference Level means the ISO’s best estimate of an RMR Generator’s incremental marginal costs, and of an RMR Generator’s physical capabilities. The ISO determines Reference Levels in accordance with the requirements of its Market Power Mitigation Measures that are set forth in Section 23 of its Services Tariff. This term does not include UCAP Offer Reference Levels.

Examples of Reference Level in a sentence

• A Responsible Market Party shall request an updated determination of an Installed Capacity Supplier’s Going-Forward Costs not less often than annually, in the absence of which request the Installed Capacity Supplier’s offer cap shall revert to the UCAP Offer Reference Level.

• Offers to sell Mitigated UCAP in an ICAP Spot Market Auction shall not be higher than the higher of (a) the UCAP Offer Reference Level for the applicable ICAP Spot Market Auction, or (b) the Going-Forward Costs of the Installed Capacity Supplier supplying the Mitigated UCAP.

• See Section 23.3.1.3. RMR Generators and Interim Service Providers are compensated at the lesser of their Bid or the appropriate Reference Level in accordance with Rate Schedule 8 to the Services Tariff.

• L.Loss Threshold: The Loss Threshold(i) of the Underlying(i) equals 60 % of the Reference Level of the Underlying(i) (one (1) unit of the Underlying Currency equals one (1) unit SEK, “Quanto SEK”).

• Consequence of the linkage to the Relevant UnderlyingThe calculation of the level of the Redemption Amount solely refers to the performance of the Relevant Underlying and, thereby, to the Underlying, showing the lowest performance with respect to the Settlement Price in relation to the Reference Level.

More Definitions of Reference Level

Reference Level means the Price Level on an Index Calculation Day.

Reference Level means the quantity of GHG emission equivalents that have occurred during the normal course of business or activities during a designated period of time within the boundaries of a defined sector and a defined jurisdiction.

Reference Level means, unless otherwise specified in the relevant Pricing Supplement (a) in respect of an Index and an Averaging Date, the level of such Index as determined by the Calculation Agent as of the Valuation Time on the Exchange on such Averaging Date and (b) in respect of a Multiple Exchange Index and an Averaging Date, the official closing level of such Multiple Exchange Index on such Averaging Date as calculated and published by the Index Sponsor;

Reference Level means, in respect of any Averaging Date and an Index, the level of such Index as determined by the Calculation Agent as of the Valuation Time on the Exchange on such Averaging Date.

Reference Level means, in respect of an Inflation Index, the level of such Inflation Index (excluding any "flash" estimates) published or announced by the relevant Inflation Index Sponsor in respect of the month that is 12 calendar months prior to the month in respect of the Latest Level. The Issuer shall give notice to Noteholders, in accordance with Condition 19 (Notices) of any Substitute Index Level calculated pursuant to Condition 8(iv)(A) (Delay in Publication). If the Relevant Level (as defined above) is published or announced at any time on or after the relevant Cut-off Date, such Relevant Level will not be used in any calculations. The Substitute Index Level so determined pursuant to this Condition 8 (Inflation Lined Notes) will be the definitive level for that Reference Month.

Reference Level means the Price Level on an Index Calculation Day. "Share" means the security as set out in the table in "9. Index Table".

Reference Level means, in the case of an Exempt Note unless otherwise specified in the applicable Pricing Supplement, in respect of a Valuation Date, Observation Date or Averaging Date: